Member for South West Coast Roma Britnell has welcomed Fonterra’s $8.6 million investment at its Dennington Factory and $13.5 million investment at Cobden.
Mrs Britnell said Fonterra’s investment to expand and improve its two south west manufacturing plant was a strong sign of confidence in the dairy industry.
“This is a welcome investment in the south-west manufacturing industry and dairy industry,” she said.
“It’s a strong sign that there is a huge confidence and demand for the high quality milk we produce in this region.
“The Western Victoria dairy industry employs 6800 people on farm and 3500 in manufacturing – injecting $286 million back into the community. The importance of this industry to our regional economy cannot be downplayed.”
Mrs Britnell also welcomed news the Federal Government has resurrected the Trans Pacific Partnership, despite the United States pulling out of the deal.
The deal with 10 other nations will eliminate more than 98 per cent of tariffs in a free-trade zone with a combined GDP of $13.7 trillion, including the booming Asian market.
“This is brilliant news for local producers, particularly beef and dairy, and opens up global markets where our clean, green produce is in extraordinary demand,” Mrs Britnell said.
“I congratulate the Federal Trade Minister Steven Ciobo for the huge amount of work he has done to save the deal.
“This is a significant deal for Australian agriculture. When you produce 60 per cent more than you can consume you need to sell to others.
“Ten extra markets agreeing to level playing fields is a good outcome for farmers.”